Business
Amarc Arranges $500,000 Financing
VANCOUVER, Dec. 19 /CNW/ - Amarc Resources Ltd. ("Amarc" or the "Company") (TSX Venture: AHR; OTC...
About this update from Amarc Resources Ltd.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Dec. 19 /CNW/ - Amarc Resources Ltd. ("Amarc" or the\n"Company") (TSX Venture: AHR; OTCBB: AXREF) announces that the Company has\narranged a private placement of up to 5,000,000 equity units (the "Units") at\na price of $0.10 per Unit. Each Unit comprises one flow-through common share\nand one non-flow-through warrant. Each warrant is exercisable to purchase one\nadditional common share at a price of $0.10 for a 24 month period. Insiders of\nthe Company will subscribe for all of the Units. Proceeds from the offering\nwill be used for Canadian exploration expenses. The financing is subject to\nTSX Venture acceptance.\n\n\nAmarc Resources Ltd. is a Vancouver-based exploration and development\ncompany, focused on making the next major new mineral deposit discovery in the\nprovince of British Columbia. Amarc is affiliated with Hunter Dickinson\nServices Inc., the personnel and management of which have enjoyed considerable\nsuccess in BC through their involvement with the Golden Bear, Mt. Milligan,\nKemess, Prosperity, Gibraltar and Harmony deposits. Hunter Dickinson expects\nto further its B.C. success through Amarc.\n\n\nON BEHALF OF THE BOARD\n\nRonald W. Thiessen\nPresident & CEO\n\nNeither the TSX Venture Exchange nor any other regulatory authority\naccepts responsibility for the adequacy or accuracy of this release.\n\n Forward Looking and other Cautionary Information\n\n\nThis release includes certain statements that may be deemed\n"forward-looking statements". All statements in this release, other than\nstatements of historical facts, that address estimated resource quantities,\ngrades and contained metals, possible future mining, exploration and\ndevelopment activities, are forward-looking statements. Although the Company\nbelieves the expectations expressed in such forward-looking statements are\nbased on reasonable assumptions, such statements should not be in any way\nconstrued as guarantees of future performance and actual results or\ndevelopments may differ materially from those in the forward-looking\nstatements. Factors that could cause actual results to differ materially from\nthose in forward-looking statements include market prices for metals, the\nconclusions of detailed feasibility and technical analyses, lower than\nexpected grades and quantities of ...